YAL 3.65% $6.24 yancoal australia limited

Everyone should listen to the YAL results call.The dividend...

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  1. 2,729 Posts.
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    Everyone should listen to the YAL results call.
    The dividend policy has not changed. Yes, sucks no divi this half but they still maintain that 50% of profits will be paid to shareholders, so no change.
    I bought at $7.20 hoping (never hope) that the divi would be paid but there were strong indications that it wasn't going to be so we should have paid more attention to those. Lesson learnt.
    Looking at the chart we are hitting long term support and thus far holding it with a big gap above to fill. It'd be nice to recapture and stay above our 200DMA but that'll take a bit of work.
    All this considered, IMO I'd say this is a buying opportunity for anyone who'd been patient enough or cashed up enough to top up. I'll be doing the same if I can scrap together some cash ;-)
    GLTAH.
 
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